Sir Ratan Tata's Vision
His thoughts, in 1913, on the manner in which the Trust's funds could be used
- "... for the advancement of Education, Learning and Industry in all its branches, including education in economy, sanitary services and art, or for the relief of human suffering or for other works of public utility....
- "To engage qualified and competent persons to investigate into matters that pertain to the social, economic or political welfare of the Indian community, the object being to design schemes of a practical nature calculated to promote the welfare of the said community, care being taken that such work is not undertaken from the stereotyped point of view but from the point of view of fresh light that is thrown from day to day by the advance of science and philosophy on problems of human well-being...
Further, he also directed that:
- "No experiment and no venture should be aided or undertaken unless the scheme thereof is carefully prepared..."
- "No institution or organisation should be aided of which the accounts are not subject to periodic audits and are not regularly issued and which would not be open to inspection and examination..."